Two Harbors Investment (NYSE:TWO) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Two Harbors Investment (NYSE:TWO) from a hold rating to a sell rating in a research note released on Friday morning.

A number of other analysts also recently commented on the stock. JMP Securities reiterated a market outperform rating and issued a $15.00 target price on shares of Two Harbors Investment in a report on Wednesday, August 28th. Janney Montgomery Scott began coverage on shares of Two Harbors Investment in a research report on Friday, August 16th. They set a buy rating and a $15.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Two Harbors Investment from $12.50 to $13.00 and gave the stock a neutral rating in a research report on Tuesday, July 16th. Finally, UBS Group upgraded shares of Two Harbors Investment from a neutral rating to a buy rating and raised their price target for the company from $13.50 to $14.50 in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Two Harbors Investment currently has an average rating of Hold and an average price target of $14.90.

Two Harbors Investment Stock Performance

Shares of TWO opened at $13.94 on Friday. Two Harbors Investment has a 52-week low of $9.83 and a 52-week high of $14.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 7.83 and a beta of 1.86. The business’s 50 day moving average is $13.73 and its two-hundred day moving average is $13.13.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. The business had revenue of $115.95 million during the quarter. Two Harbors Investment had a net margin of 27.71% and a return on equity of 3.64%. During the same period in the prior year, the company earned ($0.04) EPS. Analysts forecast that Two Harbors Investment will post 0.46 EPS for the current fiscal year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 12.91%. Two Harbors Investment’s dividend payout ratio (DPR) is 101.12%.

Institutional Investors Weigh In On Two Harbors Investment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in Two Harbors Investment by 1,680.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,225 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,100 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Two Harbors Investment during the 4th quarter valued at approximately $58,000. PNC Financial Services Group Inc. lifted its stake in shares of Two Harbors Investment by 38.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,258 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 2,306 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Two Harbors Investment during the second quarter valued at about $144,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Two Harbors Investment in the second quarter worth $147,000. Institutional investors own 64.19% of the company’s stock.

About Two Harbors Investment

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.